According to new report published by Grand View Research, the global smartphone screen protector market will reach USD 56.51 billion by 2024. Introduction of 2.5D and 3D screen protectors that improve the user experience is projected to bolster growth of the market in the forthcoming years.

A report by Grand View Research, Inc. shows that the global smartphone screen protector market is poised to reach a valuation of USD 56.51 billion by 2024. Rising sales of premium-priced smartphones are one of the key factors likely to drive the market. Increasing concerns regarding the safety of high end devices is translating into the greater uptake of smartphone screen protectors. Besides this, surging demand for pre-used and refurbished smartphones may augment the market during the forecast period (2016 to 2024).

Emerging economies are promising destinations for manufacturers. A large number of smartphone manufacturers in countries such as China, India, and Brazil are coming up with low-priced, latest-technology smartphones. This is resulting in proliferation of smartphones, which is expected to augment the market. In addition, rising disposable income of the populace can play an imperative role in the development of the market.

The market was valued USD 31.13 billion in 2015. Availability of a wide variety of smartphone screen protectors is anticipated to work in favor of the market. Emergence of scratch-resistant covers, UV protected covers, and anti-glare screens protectors can stir up sales. Moreover, introduction of 2.5D and 3D screen protectors that improve the user experience is projected to bolster growth of the market in the forthcoming years.

Tempered glasses are expected to exhibit phenomenal adoption rate due to their superior adhesive characteristics, high functional performance, and declining prices. Surging demand for tempered glass screen covers is projected to positively influence the overall market.

Abundant availability of raw materials such as tempered glass, thermoplastic polyurethane (TPU), and polyethylene terephthalate (PET) is leading to reduction in manufacturing cost. This, in turn, is resulting in low cost of the product, which is allowing the market to gain significant momentum. Additionally, high operating margins allow distributors to offer products at exorbitant discounts to attract customers, which may continue promoting sales. Furthermore, low entry barriers such as low capital required for set-up is estimated to support the growth of the market.

Technological advancements are anticipated to play a pivotal role in the development of the market. Innovative products are envisaged to take the market by storm. For instance, in November 2017, Electronic Screen Protector developed by a team of Google researchers, which is able to determine if someone is spying on a person’s smartphone over his/her shoulder using artificial intelligence (AI). This can help users protect sensitive data on their smartphone screens from strangers’ eyes in crowded places. The screen protector uses phone’s front camera to indicate stranger gaze at screen in a runtime of 2ms.

The global smartphone screen protector market is divided in terms of material, application, and geography. Based on material, the market is segmented into tempered glass, thermoplastic polyurethane (TPU), and polyethylene terephthalate (PET). By application, the market is classified into USD 700. Demand for smartphone screen protectors for phones costing above 700 USD is poised to rise to over 475 million units by the end of forecast period.

Key regions analyzed in the report are Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. Asia Pacific represented a dominant share of 52% in 2015. Increasing urbanization and rapid expansion in e-commerce are leading to improved distribution network, which in turn is supplementing the growth of the market. Presence of a wide base of manufacturers is benefiting the regional smartphone screen protector market. Proliferation of smartphones, increasing availability of raw materials, and improving purchasing power of the populace are likely to propel the market. All these factors are allowing Asia Pacific to retain dominance through 2024.

The growth of the market in Europe can be attributed to surging demand for premium quality of screen protectors for high end smartphones. However, sluggish rise in the sales of new smartphones can result in slow growth rate of the region over the forecast period.

Some of the prominent companies operating in the global market for smartphone screen protection are Belkin International Inc.; Free S Speed International Co. Ltd; Corning Inc.; FeYong Digital Technology Ltd.; and Clarivue.

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.